Page 6 - China

Taiwan's chip exports sputter on US-China tensions, falling demand

The total amount of semiconductors Taiwan shipped worldwide declined 17.3% last month from a year ago

India needs to ensure China, Russia, G7 nations come together: Shringla

Polarization in the world is also reflected among the members of G20 but India, during its presidency, needs to ensure that they all come together to work on global issues such as climate change, former foreign secretary Harsh Vardhan Shringla said on Saturday. Shringla, who is the Chief Coordinator for India's G20 Presidency, was speaking at 'G20 University Connect' at Symbiosis International University here. The theme or motto of G20 summit under India's presidency, 'Vasudhaiva Kutumbakam' (one world, one family) "exemplifies the Indian foreign policies outreaching the whole world," he said. "The polarisation that exists in the world also cuts cross the G20 membership, so you have on the one hand the G7, the (United States of) America, Europe, Japan and Australia. On the other hand we have also got Russia and China," the former diplomat said. "We, as part of G20 presidency, need to work to make sure that Russia and China come together with G7 to work for issues which are importan

UN report shows worsening human rights situation of Tibetans under China

The UN Committee which released its third periodic review of China in its recent report, underscored a number of issues related to human rights of Tibetan people

It remains very fragile: Jaishankar on situation at LAC in eastern Ladakh

The situation along the Line of Actual Control (LAC) in eastern Ladakh remains "very fragile" and is "quite dangerous" in military assessment because of close deployments of troops by both India and China in some pockets, though "substantial" progress has been made in the disengagement process in many areas, External Affairs Minister S Jaishankar said on Saturday. Jaishankar also said he and then Chinese foreign minister Wang Yi reached an in-principle agreement in September 2020 on how to resolve the issue and that it is for China to deliver on what was agreed to. In an interactive session at the India Today Conclave, the external affairs minister made it clear that the relationship between the two neighbouring countries cannot return to normal until "these problems" are sorted out. The Indian and Chinese troops are locked in a nearly-three-year confrontation at certain friction points in eastern Ladakh, even as the two sides have completed disengagement of troops from several area

West puts spotlight on North Korea rights abuses; China, Russia oppose

The United States, its Western allies and experts shone a spotlight on the dire human rights situation and increasing repression in North Korea at a UN meeting on Friday that China and Russia denounced as a politicised move likely to further escalate tensions on the Korean peninsula. China blocked the US from broadcasting the informal Security Council meeting globally on the internet, a decision criticised by US Ambassador Linda Thomas-Greenfield as an attempt to hide North Korea's atrocities from the world. Webcasting requires agreement by all 15 council members. But the US envoy said Beijing's effort was in vain because the meeting will be made public, and the US and many others will continue to speak out against Pyongyang's human rights abuses and threats to international peace. James Turpin, a senior official in the Office of the UN High Commissioner for Human Rights, said the ongoing tensions on the Korean peninsula pose a threat to regional and international peace and security

WHO rebukes Chinese officials of withholding data on Coronavirus' origin

The World Health Organisation rebuked Chinese officials for withholding scientific research that may reveal the origin of the coronavirus, The New York Times reported

Universities race to recapture international students to shore up revenue

In Australia, where education is the fourth-biggest export, more than 28,000 Chinese returned to universities last month, with another 35,000 visa holders from the country still eligible

Covid found in raccoon dogs in China, strengthens natural origin theory

A new analysis of genetic samples collected from a seafood market in central China's Wuhan city shows the presence of the SARS-CoV-2 virus in raccoon dogs sold at the venue, strengthening the case for the natural origin of the Covid-19 pandemic, according to a team of international experts. The New York Times said in a report on Thursday that genetic data was drawn from swabs taken from in and around the Huanan Seafood Wholesale Market starting in January 2020, shortly after the Chinese authorities had shut down the market because of suspicions that it was linked to the outbreak of a new virus. The new evidence comes weeks after an intelligence assessment from the US Department of Energy pointed out that an accidental laboratory leak from a virology laboratory in Wuhan was most likely the cause of the pandemic. While the animals had been cleared out from the market, researchers took swabs from the walls, floors, metal cages and carts used for transporting animal cages, the report ..

Beijing monitors share prices of Indian companies linked to Chinese biz

China's financial market regulators are monitoring the over valuation of India-listed companies which have business dealings with Chinese-origin companies in Asia, following a recent dispute settlement of two firms from both countries, informed sources said on Friday. The sources cited a judgement by the Singapore International Commercial Court (SICC) this month, involving India's Kiri Industries and DyStar Global Holdings (Singapore), a subsidiary of the world's largest dye manufacturer from China. The Hong Kong-based sources pointed out that Kiri's hope for a USD 603.8-million buyout of its stake by DyStar is looking dim. The deal, as per the sources, is the buyout of Kiri's 37.57 per cent interest in Dystar which was valued at USD 603.8 million. China's regulatory approvals for such a massive outflow of funds is unlikely, as regulators in Beijing are convinced that the Indian company's stake is highly overpriced due to speculative play in share prices. Hong Kong-based Senda ...

China fines Beijing office of Deloitte $30.8 mn over audit failings

The Beijing office of Deloitte Touche Tohmatsu has been fined USD 30.8 million for failing to adequately audit a Chinese state-owned asset management company whose former head was sentenced to death on corruption charges. The office also was ordered to suspend operations for three months for mishandling audit and other work at China Huarong Asset Management Co. in 2014-19, the Ministry of Finance announced Friday. Deloitte was fined 211.9 million yuan (USD 30.8 million), the ministry said. It said Huarong was fined a total of 800,000 yuan (USD 116,000) and 13 employees were fined a total of 250,000 yuan (USD 36,000) for their role in faulty audits. Huarong is one of four entities created in the 1990s to buy nonperforming loans from state-owned banks. They expanded into banking, insurance, real estate finance and other fields. Huarong's former head, Lai Xiaomin, was sentenced to death on 2021 on charges of embezzlement and taking bribes in exchange for investments, construction ...

China appeals other govts for fair treatment after latest TikTok bans

China appealed on Friday to other governments to treat its companies fairly after Britain and New Zealand joined the United States in restricting use of TikTok due to fears the Chinese-owned short video service might be a security risk. Governments are worried TikTok's owner, ByteDance, might give browsing history or other data about users to China's government or promote propaganda and disinformation. We call on the countries concerned to recognise the objective facts, effectively respect the market economy and provide a non-discriminatory environment" for all companies, said foreign ministry spokesperson Wang Wenbin. TikTok is one focus of conflicts between China and other governments over technology and security that are disrupting processor chip, smartphone and other industries. Legislators and employees in New Zealand's Parliament will be prohibited from having TikTok 's app on phones, the government said on Friday. Britain announced a ban on Thursday on TikTok on all governme

China cuts banks' reserve ratio for first time in 2023 to support recovery

PBOC said it would cut the reserve requirement ratio (RRR) for all banks, except those that have implemented a 5% reserve ratio, by 25 basis points (bps), effective March 27

Aware of China funding of infra projects in countries in South Asia: Govt

He said India is an active economic partner of its neighbours and is involved in a large number of development projects in these countries

Is Xi Jinping a good leader? Here is what Chinese chatbot answered

According to experts, censors on chatbots could strengthen ideological control and further separate China digitally from the rest of the world

China accuses US of spreading disinformation, suppressing TikTok

China accused the United States on Thursday of spreading disinformation and suppressing TikTok following reports that the Biden administration was calling for its Chinese owners to sell their stakes in the popular video-sharing app. The U.S. has yet to present evidence that TikTok threatens its national security and was using the excuse of data security to abuse its power to suppress foreign companies, Foreign Ministry spokesperson Wang Wenbin told reporters at a daily briefing. The U.S. should stop spreading disinformation about data security, stop suppressing the relevant company, and provide an open, fair and non-discriminatory environment for foreign businesses to invest and operate in the U.S., Wang said. TikTok was dismissive Wednesday of a report in The Wall Street Journal that said the Committee on Foreign Investment in the U.S., part of the Treasury Department, was threatening a U.S. ban on the app unless its owners, Beijing-based ByteDance Ltd., divested. If protecting ..

China, Japan trade accusations over infringement on maritime territory

China's dispute with Japan over tiny Japanese-controlled islands in the East China Sea is heating up again, with both sides accusing the other of infringing on their maritime territory. China says the islands belong to it and refuses to recognize Japan's claim to the uninhabited chain known as the Senkakus in Japanese and Diaoyu in Chinese. Taiwan also claims the islands, which it calls Diaoyutai, but has signed access agreements for its fishermen with Japan and does not actively take part in the dispute. China routinely sends coast guard vessels and planes into waters and airspace surrounding the islands to harass Japanese vessels in the area and force Japan to scramble jets in response. On Wednesday, a Chinese coast guard spokesperson said Chinese vessels had expelled some Japanese vessels which had illegally entered the territorial waters. The unidentified official said its moves were routine measures to safeguard sovereignty and maritime interests. Japan's coast guard on Thursd

Chip globalisation is over, and sanctions work: TSMC founder Morris Chang

In the chips sector, globalization is dead. Free trade is dead, Chang said at an event in Taipei Thursday

With Saudi deals, US, China are now battling for influence in Mideast

In a matter of days, Saudi Arabia carried out blockbuster agreements with the world's two leading powers, signing a Chinese-facilitated deal aimed at restoring diplomatic ties with its arch-nemesis Iran and announcing a massive contract to buy commercial planes from US manufacturer Boeing. The two announcements spurred speculation that the Saudis were laying their marker as a dominant economic and geopolitical force with the flexibility to play Beijing and Washington off each other. They also cast China in an unfamiliar leading role in Middle Eastern politics. And they raised questions about whether the US-Saudi relationship frosty for much of the first two years of President Joe Biden's term has reached a dtente. But as the Biden administration takes stock of the moment, officials are pushing back against the notion that the developments amount to a shift in the dynamics of the US-China competition in the Middle East. The White House scoffs at the idea that the big aircraft deal

Baidu showcases China's answer to ChatGPT to lead transformative technology

The Beijing-based company is leading a race with the likes of Alibaba Group Holding Ltd. and Tencent Holdings Ltd. to create a next-generation platform for the world's largest internet market

China's property market shows early signs of recovery after slump

The value of housing sales snapped more than a year of falls to post a small gain in the first two months of this year, while prices of second-hand homes and most new housing in major cities rose